The Unbelievable Truth About How to Check Your Credit Score After a Rejected Loan Due to Credit Score You Need to Know!

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Introduction

Has your loan application been rejected unexpectedly? You’re not alone. One of the leading causes of loan rejections in India is a low or poor credit score—but most borrowers don’t even realize this until it’s too late.

In a country where over 70% of loan applications rely on your CIBIL or credit score, being unaware of what lenders see in your report can cost you your dream home, car, or even a personal emergency loan.

If you’re facing a rejected loan due to credit score, the first and most important step is to check your credit score, understand where you stand, and fix the issues. This article by CreditSamadhaan walks you through the legal and effective ways to check your credit score and bounce back stronger.

Let’s decode what your score says about you—and how to take back control.

Understanding How to Check Your Credit Score After a Rejected Loan Due to Credit Score

What Is a Credit Score?

A credit score is a 3-digit number (ranging from 300 to 900) assigned to you by credit bureaus like CIBIL, Experian, Equifax, and CRIF High Mark. It reflects your repayment history, credit behavior, and financial discipline.

A score:

  • 750+ is excellent

  • 650–749 is average to good

  • Below 650 is considered risky by most lenders

Why Loans Get Rejected Due to Credit Score

Your loan can be rejected if:

  • You missed past EMIs

  • You have a high credit utilization ratio

  • Your credit history is too short or inconsistent

  • There are errors in your credit report

Knowing your score helps you identify why your loan was rejected and what needs improvement.

Common Myths Debunked

  • Myth: Checking your own credit score lowers it.
    Fact: Only hard inquiries by lenders affect your score. You can check it yourself any number of times without impact.

  • Myth: Credit score can’t be checked for free.
    Fact: You are entitled to 1 free report per year per bureau—and platforms like CreditSamadhaan help simplify the process.

5 Actionable Strategies to Conquer How to Check Your Credit Score After a Rejected Loan Due to Credit Score

1. Check Your Credit Report from All Major Bureaus

There are four authorized credit bureaus in India:

  • TransUnion CIBIL

  • Equifax

  • Experian

  • CRIF High Mark

✅ How to Do It:

  • Visit the official websites of each bureau.

  • Sign up using PAN, Aadhaar, or mobile number.

  • Submit a request for a free credit report.

  • Download your report and score for review.

💡 Pro Tip: Use CreditSamadhaan to get simplified access and interpretation of reports across bureaus.

🔗 Internal Link: How to Check Your CIBIL Report for Free

2. Identify Errors That May Have Caused Rejection

Once you download your report, look for:

  • Incorrect overdue amounts

  • Closed loans marked as open

  • Duplicate accounts

  • Identity mismatches (PAN/Aadhaar errors)

Even small errors can drastically drop your score.

✅ Fixing the Errors:

  • Raise a dispute with the bureau.

  • Submit valid documents (e.g., closure letters, payment receipts).

  • Track the resolution within 30 days.

🔗 Internal Link: CIBIL Score Improvement After Loan Default

3. Track Historical Credit Behavior

Review your:

  • Last 24-month payment history

  • Number of active loans/credit cards

  • Credit utilization ratio

  • Number of recent hard inquiries

✅ How This Helps:
Understanding past behavior allows you to spot patterns (like frequent defaults or high usage) and correct them moving forward.

4. Use CreditSamadhaan’s Credit Analysis Services

Sometimes the report is overwhelming and technical. That’s where CreditSamadhaan comes in.

✅ What We Offer:

  • A personalized credit score analysis

  • A breakdown of why your score is low

  • A roadmap for improvement

  • Legal guidance on disputes, settlements, and restructuring

💥 Call to Action:
Want expert eyes on your credit report?
👉 Explore CreditSamadhaan’s Credit Repair Services Now

5. Monitor Your Score Monthly and Reapply Strategically

After correcting errors and improving usage:

  • Wait at least 60–90 days before reapplying for a loan.

  • Re-check your updated score.

  • Choose lenders with flexible criteria or NBFCs.

✅ What to Avoid:

  • Applying for multiple loans in desperation.

  • Ignoring updates or dispute resolutions.

  • Believing that time alone will heal your score.

🔗 Internal Link: Understanding the Impact of a Rejected Loan Due to Credit Score

Common Questions About How to Check Your Credit Score After a Rejected Loan Due to Credit Score

Q1: Can I check my score for free after loan rejection?

A: Yes. You’re entitled to one free report per bureau per year. You can also use platforms like CreditSamadhaan to make it easier.

Q2: Does rejection hurt my score further?

A: The rejection itself doesn’t impact your score—but the hard inquiry made by the lender may reduce it slightly.

Q3: How soon can I reapply after rejection?

A: It’s best to wait 2–3 months, improve your score, and then apply with updated reports.

Conclusion

A rejected loan due to credit score may feel like a financial setback—but it’s actually your wake-up call to take control of your credit health.

Start by checking your credit score, identifying errors, and learning from your credit history. With the right information and guidance, you can improve your score and get back on track for loan approvals, better rates, and stronger financial confidence.

With CreditSamadhaan as your partner, you don’t have to navigate this alone.

🚀 Ready to bounce back from a rejection?
👉 Visit CreditSamadhaan.com and fix your credit score the smart, legal, and strategic way.